Source: New York Times
Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
The meat and alternative meat industry continues to dominate headlines. In the biggest growth projection yet, a new report is estimating that the plant-based meat market will balloon to $8.3 billion by 2025 – a 93% growth from this year. Just Eat has made the first ever commercial sale of cultured meat after receiving regulatory approval in Singapore. The first GM pigs have been approved by the FDA for human consumption.
In restaurant news, Cuomo’s decision to halt indoor dining in New York City has caused a wave of permanent closures. Restaurant owners are pushing back against the ban. Sweetgreen plans to launch a pilot drive in location in Colorado next year.
Last but not least, Biden’s appointment of Tom Vilsack to lead the USDA has sparked broad backlash. Civil Eats has put together a list of recommendations lead the USDA in a bold new direction.
We need your support. Producing our newsletter takes a lot of time and resources, and we need to change our business model to keep it going. To date, we’ve funded our work through our events, sponsorships and consulting, which are all on hold due to the pandemic. If you find our newsletter to be a valuable resource, we hope you will consider making a one time or monthly contribution, so we can keep the newsletter going and free for those who can not afford a subscription fee. Whether it’s $5 or $500 every bit helps and shows us that you value our work. Not able to contribute right now? You can help by sharing our newsletter with friends and colleagues.
Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
The restaurant, 1880, will be launching Eat Just’s cultivated chicken on December 19. The first diners will be aged between 14 to 18.
The global market for plant-based meat alternatives will hit $4.3b this year and grow 93% to $8.3b by 2025. Government initiatives and significant investment are key drivers for growth.
Critics say the agency failed to adequately scrutinize whether the pork will cause allergic reactions, or the environmental consequences of a GM pig escape. The approval is Revivicor’s first step towards developing pig-based organs for human heart and kidney transplants.
Giving farmers a climate migration blueprint, breaking up agribusiness monopolies, reforming farm support programs are some ways that Vilsack could lead the USDA in a bold new direction. Here are 10 ways to begin.
The drive-in restaurant will open next winter in Highlands Ranch, Colorado. It will require customers to order ahead on its app.
We’re partnering with S2G Ventures to host a series of conversations exploring how we might reimagine retail. Our goal is to create a space for stakeholders from farm to fork to come together to discuss how we might fundamentally reimagine food retail to make it more resilient, equitable, accessible, diverse, delicious, healthful and climate smart future.
The Counter’s look at Tom Vilsack’s two terms under Obama, his four years as a lobbyist, and why so many feel betrayed by the nomination.
Restaurants and bars accounted for 1.4% Covid-19 cases recorded in the last three months, prompting some restaurateurs to push back against the ban. By comparison, private and social gatherings accounted for nearly 74% between September and November.
The city’s thousands of dining and drinking establishments face a brutal outcome, with numerous ones having to shut for good.
Topics include the shift to online grocery (and what it means), unbundling the shopping cart, what Millennials and Gen Z prefer about 2020 living, and why DTC is here to stay.
At the height of the first wave, the number of positive cases at 10 plants was 75% higher than reported publicly.
Qingdao Gouxin, Qingdao Municipality Guidance Fund and Sunshine Venture Capital led the round. Part of funding will be spent on the construction of a new “intelligent supply chain center.”
The limited autonomous scope of middle mile delivery made it easier to gain regulatory approval necessary for humanless driving. The pilot will take place in Arkansas.
With regenerative agriculture gaining traction, the organic industry is positioning itself as leading the way on carbon sequestration. The research is promising—but inconclusive.
Wall Street has begun trading water as a commodity on the Chicago Mercantile Exchange this week with $1.1b in contracts tied to water prices in California.
Check out our list of resources to learn about systemic racism in the food and agriculture industries. We also highlight Black food and farm businesses and organizations to support.